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Enkidu Posted 17 years ago
Chapter on
Some general features about Accumulation regimes and Regulatory institutions were explained in the first section of the thesis, which titled as “”. Moreover, some knowledges were quoted about some contradictions that capitalist accumulation regimes contain, and over accumulation crisis, and how the causes of class conflicts have been institutionalized (?) and stabilized. However this explanation was restricted with the dynamics of the developed capitalist countries. The reasons of the internalization of the fordist accumulation regime in the developed countries and its relation to the afterwards capitalized countries like is significant issue. Depending on ’s peculiar circumstances, how the Fordist accumulation regime might take shape is a different story which needs to be undertaken later. In this respect the advancing capital accumulation regime, various class dynamics, the state’s regulatory role, structural crisis in economy have their own special aspects in . In this part, firstly fundamental reasons of the internalization of the fordist accumulation regime and its relations with the capital accumulation regime in will be discussed. Relating to this matter, the formation of the industry bourgeoisie and the Turkish workers class that accelerated in the years of 1960’s and the structural crisis that the accumulation regime experienced in 1970’s years in Turkey will be touched on. Finally essential features of the capital accumulation regime that flourished along with the crisis, class dynamics and the new regulatary role of the State will be mentioned about.
In the advanced capitalist countries, the intensive accumulation of capital and the deterioration of the conditions of valorization of the overaccumulated capital by these countries were the fundamental cause of the internationalization of productive capitals (Ercan, Fuat, p:23, RN). This implies the determining conflicts of capital accumulation that forces individual capitalists to valorize their overaccumulated capital by either deepening the domestic market or geographical expansion. Ercan remarks this conflict in below statements
Vast volumed and upword production in the mainstream capitalist countries was able to balance with the demand sided economic policies. However the economy was not capable of massing overaccumulated (excess?) capital which took place due to intensive (excess?) accumulation. From that point on what important at first, in the mainstream capitalist countries’s point of view was the need of marketing (or pitching) this capital, which was in then devalorization process and overaccumalated in the wake of this accumulation regime. Its own creation of revalorization conditions of the capital in developed capitalist countries or its struggle against for the tendency of declining rate of profit led to the capitalist production relations more advanced gradually and expand to more extensive area. This internationalization of capital displays harmony with the inward-oriented accummulation strategies in underdeveloped countries (Bina and Yaghmanian, 1990) (Ercan, p:23, RN). [q1]
The policies which are inherent in inward-oriented accumulation strategy was not a strategy as generally thought to prevent big international capitalists from making investments. As Çaglar Keyder stated, protectionism - for internationalized production process- brought out a convenient environment which is to provide an opportunity for the monopolization in domestic market. So, if what important is the investing freedom than commercing, then protectionism was not an obstacle on the contrary it was an incentive policy. (Keyder, 1984; 34) In this sense we can say that inward-oriented capital accumulation strategies form the first phase of the internationalization of the product in developing countries like . (Yaghmanian, 1990, 180)(Ercan, Praksis5)
The specific class background of inward-oriented accummulation consists of newly flourished industry bourgeoisie (Productive capital) and international productive capital. The medium that prepares the essential frame for this alliance is the State. (Ercan, F, Praksis)
State has a crucial role that subsides the developing of the industry bourgeoisie, and also runs the mechanisms for the transferring economic resources and making regulations. As Ercan pointed out in this context, public sector undertook producing the necessary infrastructure for procuring consumer goods and essential inputs. Public sector largely became an instrument which was used for transferring the resources to the private sector, and in this sense focused on producing intermediary goods, moreover when these intermediary goods were used as inputs in the production process of the private sector, prices were kept as low. (Ercan, F; Praksis). Besides, one of the most important tools that the State use to subsidise industry bourgeoisie was to provide cheap financial resource to enable the private sector to expand their new or existing investment activities. (Ercan, Praksis). He (the State) tried to fulfill this by controlling credit rates and deposit rates in a certain limits. (Ercan, Praksis). The state had more autonom power at the directing of fiscal and monetary policy in this term, comparing the term after the year of 1980. Whereas at the end of 1980’s, liberalization of capital accounts and the deregulation process caused to change dramatically and to weak the regulation mechanisms of the State on rates. One of the most crucial functions that State was in charge of in the inward oriented industrialization strategy was to protect certain domestic sectors, which were decided to be supported, against the international dynamics. Another instrument of the protectionism in those years was not to let exchange rate to be determined in free market and follow the fixed exchange rate. (Ercan, Praksis). In addition to this, some significant restrictions in the foreign trade formed an important compenent of the State’s regulative role.
Could you check the translation I did, out in terms of crucial mistakes in it please?
my very best.
[q1]inward-oriented accumulation strategy
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Chapter on
Some general features about Accumulation regimes and Regulatory institutions were explained in the first section of the thesis, which titled as “”. Moreover, some knowledges were quoted about some contradictions that capitalist accumulation regimes contain, and over accumulation crisis, and how the causes of class conflicts have been institutionalized (?) and stabilized. However this explanation was restricted with the dynamics of the developed capitalist countries. The reasons of the internalization of the fordist accumulation regime in the developed countries and its relation to the afterwards capitalized countries like is significant issue. Depending on ’s peculiar circumstances, how the Fordist accumulation regime might take shape is a different story which needs to be undertaken later. In this respect the advancing capital accumulation regime, various class dynamics, the state’s regulatory role, structural crisis in economy have their own special aspects in . In this part, firstly fundamental reasons of the internalization of the fordist accumulation regime and its relations with the capital accumulation regime in will be discussed. Relating to this matter, the formation of the industry bourgeoisie and the Turkish workers class that accelerated in the years of 1960’s and the structural crisis that the accumulation regime experienced in 1970’s years in Turkey will be touched on. Finally essential features of the capital accumulation regime that flourished along with the crisis, class dynamics and the new regulatary role of the State will be mentioned about.
In the advanced capitalist countries, the intensive accumulation of capital and the deterioration of the conditions of valorization of the overaccumulated capital by these countries were the fundamental cause of the internationalization of productive capitals (Ercan, Fuat, p:23, RN). This implies the determining conflicts of capital accumulation that forces individual capitalists to valorize their overaccumulated capital by either deepening the domestic market or geographical expansion. Ercan remarks this conflict in below statements
Vast volumed and upword production in the mainstream capitalist countries was able to balance with the demand sided economic policies. However the economy was not capable of massing overaccumulated (excess?) capital which took place due to intensive (excess?) accumulation. From that point on what important at first, in the mainstream capitalist countries’s point of view was the need of marketing (or pitching) this capital, which was in then devalorization process and overaccumalated in the wake of this accumulation regime. Its own creation of revalorization conditions of the capital in developed capitalist countries or its struggle against for the tendency of declining rate of profit led to the capitalist production relations more advanced gradually and expand to more extensive area. This internationalization of capital displays harmony with the inward-oriented accummulation strategies in underdeveloped countries (Bina and Yaghmanian, 1990) (Ercan, p:23, RN). [q1]
The policies which are inherent in inward-oriented accumulation strategy was not a strategy as generally thought to prevent big international capitalists from making investments. As Çaglar Keyder stated, protectionism - for internationalized production process- brought out a convenient environment which is to provide an opportunity for the monopolization in domestic market. So, if what important is the investing freedom than commercing, then protectionism was not an obstacle on the contrary it was an incentive policy. (Keyder, 1984; 34) In this sense we can say that inward-oriented capital accumulation strategies form the first phase of the internationalization of the product in developing countries like . (Yaghmanian, 1990, 180)(Ercan, Praksis5)
The specific class background of inward-oriented accummulation consists of newly flourished industry bourgeoisie (Productive capital) and international productive capital. The medium that prepares the essential frame for this alliance is the State. (Ercan, F, Praksis)
State has a crucial role that subsides the developing of the industry bourgeoisie, and also runs the mechanisms for the transferring economic resources and making regulations. As Ercan pointed out in this context, public sector undertook producing the necessary infrastructure for procuring consumer goods and essential inputs. Public sector largely became an instrument which was used for transferring the resources to the private sector, and in this sense focused on producing intermediary goods, moreover when these intermediary goods were used as inputs in the production process of the private sector, prices were kept as low. (Ercan, F; Praksis). Besides, one of the most important tools that the State use to subsidise industry bourgeoisie was to provide cheap financial resource to enable the private sector to expand their new or existing investment activities. (Ercan, Praksis). He (the State) tried to fulfill this by controlling credit rates and deposit rates in a certain limits. (Ercan, Praksis). The state had more autonom power at the directing of fiscal and monetary policy in this term, comparing the term after the year of 1980. Whereas at the end of 1980’s, liberalization of capital accounts and the deregulation process caused to change dramatically and to weak the regulation mechanisms of the State on rates. One of the most crucial functions that State was in charge of in the inward oriented industrialization strategy was to protect certain domestic sectors, which were decided to be supported, against the international dynamics. Another instrument of the protectionism in those years was not to let exchange rate to be determined in free market and follow the fixed exchange rate. (Ercan, Praksis). In addition to this, some significant restrictions in the foreign trade formed an important compenent of the State’s regulative role.
Could you check the translation I did, out in terms of crucial mistakes in it please?
my very best.
[q1]inward-oriented accumulation strategy
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